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Posted by Brian Hill on February 22, 2010
Iron Mountain announced today that it has acquired privately-held archiving vendor Mimosa Systems. The approximately $112 million deal significantly bolsters Iron Mountain’s archiving portfolio with on-premises software for email, file and SharePoint archiving. With the purchase, Iron Mountain also picks up just over a thousand existing Mimosa customers and a good talent pool with expertise in archiving and eDiscovery.
My preliminary perspective is that this acquisition will entail some near- and mid-term bumps for Iron Mountain customers and prospects, but will ultimately prove positive. The three main reasons:
Enterprises report frustrations in integrating applications that support disparate steps of the eDiscovery process. If Iron Mountain successfully incorporates the Mimosa product set into its portfolio, the vendor has good potential to address enterprise legal risk mitigation headaches. This is a considerable effort, however, and success is certainly not assured. I’ll be monitoring Iron Mountain’s execution on this deal and will be looking for examples of customers leveraging multiple Iron Mountain archiving, records management, and eDiscovery offerings in production environments. If your organization fits this description, please send me a note at firstname.lastname@example.org.
What do you think the acquisition means for the message archiving market? I welcome your comments here. Also, Forrester is currently conducting research on message archiving trends, budgets, and user expectations. We’re wrapping up an online survey now and value your message archiving insight. If you would like to participate in an online survey to support this research, please click on this link. (No vendors please.) We plan to publish key summary findings in early 2010.
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